Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$330,894$330,894$378,000
Remaining term (yrs)27.227.230.0
Secondary amount$0$47,106$0
Funding fee$1,654$1,654$0
Note rate7.440%7.440%7.400%
Blended rate7.440%7.634%7.640%
1st payment$2,362.68$2,362.68$2,617.20
2nd payment$0.00$353.29$0.00
Taxes / mo$111.25$111.25$111.25
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$75.60
HOA / mo$70.00$70.00$70.00
Total monthly$2,693.93$3,047.22$3,024.05
Cash to close$89,106$42,000$42,000